Bitcoin Bitcoin (BTC/USD) rebounded early in today’s Asian session as the pair escalated higher to the 9279.00 area after buying demand commenced late in yesterday’s North American session. Stops were elected above the 9262.88 level during the move higher, representing the 61.8% retracement of the move from 9475.00 to 8919.72. Prior to this area, Stops were triggered above the 9142.77 area, representing the 50% retracement of the 8810.53 – 9475.00 range. Early in yesterday’s European session, technical Resistance emerged just above the 9197.36 retracement area and the corresponding selling pressure knocked the pair lower to the just below the 9050.77 area, another key retracement area. Above current market activity, technical Resistance is expected around the 9318.19 and 9343.95 levels. Also, the 9388 and 9475 areas will be closely watched as relative highs, and the 9532.39 area remains the 38.2% retracement of the 19891.99 – 3128.89 range. Price activity is nearest the 50-bar MA (4-hourly) at 8719.40 and the 100-bar MA (Hourly) at 9160.79. Technical Support is expected around 8761.88/ 8545.42/ 8385.35 with Stops expected below. Technical Resistance is expected around 9532.19/ 9948.12/ 11510.44 with Stops expected above. On 4-Hourly chart, SlowK is Bullishly above SlowD while MACD is Bearishly below MACDAverage. On 60-minute chart, SlowK is Bullishly above SlowD while MACD is Bullishly above MACDAverage.   Ethereum Ethereum (ETH/USD) appreciated early in today’s Asian session as the pair climbed higher to the 270.00 area after Bids were found around the 265.00 level early in yesterday’s North American session. Earlier during yesterday’s European session, selling pressure emerged just above the 269.92 area, representing the 50% retracement of the move from 278.83 to 261.00. Stops are expected above this area, and chartists are waiting to see if traders will trigger these stops today. Above the current market activity, selling pressure is expected between 272.02 and 272.33, and then additional selling pressure is anticipated between 274.09 and 274.62. If enough buying pressure emerges to push ETH/USD above the recent relative high of 278.83 area, attention will be refocused on technical Resistance above current market activity. Technicians are eyeing key levels such as the 289.64 area, representing the 38.2% retracement of the move from 627.83 to 80.60, and then the 293.56 area represents the 23.6% retracement of the 982.99 – 80.60 range. Price activity is nearest the 50-bar MA (4-hourly) at 263.23 and the 100-bar MA (Hourly) at 269.27. Technical Support is expected around 258.86/ 252.70/ 246.53 with Stops expected below. Technical Resistance is expected around 288.77/ 293.56/ 302.20 with Stops expected above. On 4-Hourly chart, SlowK is Bullishly above SlowD while MACD is Bearishly below MACDAverage. On 60-minute chart, SlowK is Bullishly above SlowD while MACD is Bullishly above MACDAverage.